Wicomico County, Maryland Property Taxes
The median property tax rate in Wicomico County is 0.94%, which is slightly lower than both the national median of 0.99% and Maryland's state median of 1.06%. With a median home value of $161,300 in Wicomico County, the typical annual property tax bill amounts to $1,455, well below the national median of $2,690. Property taxes in Wicomico County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Wicomico County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Salisbury or another part of Wicomico County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wicomico County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,516
$1,407
Ownwell’s Wicomico County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wicomico County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wicomico County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Wicomico County, Maryland
Property taxes in Wicomico play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wicomico is 0.94%, which is lower than the Maryland state median of 1.09% but close to the U.S. national median of 0.99%. Local government entities within Wicomico set these rates annually, and they can vary significantly between different areas within the county. Each year, Wicomico estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Quantico has one of the higher property tax rates in Maryland at 1.00%, while the city of Snow Hill boasts one of the lowest at 0.80%. Analyzing how Wicomico's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wicomico County Tax Rate
0.94%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wicomico County, Maryland
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bivalve | 0.91% | 1.00% | 1.00% | 1.00% | 1.00% |
| Delmar | 0.79% | 0.85% | 1.00% | 1.00% | 1.00% |
| Eden | 0.88% | 0.92% | 0.95% | 0.99% | 0.99% |
| Fruitland | 0.87% | 0.91% | 0.94% | 0.96% | 0.97% |
| Hebron | 0.98% | 1.00% | 1.00% | 1.00% | 1.00% |
| Mardela Springs | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
| Nanticoke | 0.98% | 1.00% | 1.00% | 1.00% | 1.00% |
| Parsonsburg | 0.73% | 0.78% | 0.82% | 0.85% | 0.88% |
| Pittsville | 0.72% | 0.79% | 0.83% | 0.86% | 0.90% |
| Quantico | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
| Salisbury | 0.80% | 0.85% | 0.92% | 0.99% | 1.00% |
| Sharptown | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
| Snow Hill | N/A | N/A | N/A | N/A | N/A |
| Tyaskin | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
| Willards | 0.73% | 0.77% | 0.81% | 0.87% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Wicomico County, Maryland
In Wicomico County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Wicomico County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Wicomico County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Eden has the highest median tax bill at $2,013, while Sharptown has the lowest at $907. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Wicomico County, Maryland
Source: Ownwell
$91,800
$152,200
$212,600
Average Wicomico County Assessed Value
$161,300
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wicomico County, Maryland
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bivalve | $36,420 | $68,750 | $99,600 | $155,450 | $225,460 |
| Delmar | $70,100 | $111,075 | $172,950 | $236,825 | $301,050 |
| Eden | $70,800 | $118,950 | $212,600 | $309,200 | $434,980 |
| Fruitland | $66,300 | $93,725 | $144,800 | $199,400 | $290,100 |
| Hebron | $88,700 | $122,100 | $171,600 | $227,000 | $292,500 |
| Mardela Springs | $52,490 | $83,175 | $126,550 | $185,900 | $257,510 |
| Nanticoke | $38,450 | $70,400 | $122,600 | $196,900 | $317,000 |
| Parsonsburg | $91,970 | $145,325 | $196,400 | $267,300 | $341,310 |
| Pittsville | $71,500 | $105,975 | $170,950 | $251,400 | $322,770 |
| Quantico | $41,370 | $68,700 | $108,900 | $242,800 | $342,900 |
| Salisbury | $57,900 | $97,900 | $161,600 | $230,300 | $309,500 |
| Sharptown | $56,900 | $70,600 | $91,800 | $132,000 | $170,200 |
| Snow Hill | N/A | N/A | N/A | N/A | N/A |
| Tyaskin | $41,680 | $69,150 | $105,500 | $177,200 | $250,620 |
| Willards | $85,200 | $127,700 | $179,500 | $241,300 | $326,100 |
Source: Ownwell
Property Tax Bills Across Wicomico County, Maryland
In Wicomico County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessments. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, home size, and market conditions influence the assessed value. The median home price in Wicomico County is $161,300, with tax bills varying significantly. For instance, the 25th percentile tax bill is $934, while the 75th percentile reaches $2,061, and the 90th percentile can go up to $2,799. Compared to the national median property tax rate of 0.99%, Wicomico County exhibits a range of tax burdens. Homeowners in cities like Eden face the highest median tax bill at $2,013, while those in Sharptown enjoy the lowest at $907. Understanding these factors helps homeowners anticipate their annual property tax obligations and budget accordingly.
Average Wicomico County Tax Bill
$1,455
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Wicomico County, Maryland
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bivalve | $362 | $681 | $987 | $1,541 | $2,247 |
| Delmar | $736 | $1,113 | $1,628 | $2,115 | $2,713 |
| Eden | $743 | $1,167 | $2,013 | $2,906 | $4,093 |
| Fruitland | $644 | $906 | $1,361 | $1,873 | $2,645 |
| Hebron | $906 | $1,222 | $1,710 | $2,264 | $2,929 |
| Mardela Springs | $530 | $828 | $1,257 | $1,851 | $2,566 |
| Nanticoke | $385 | $686 | $1,196 | $1,958 | $3,165 |
| Parsonsburg | $766 | $1,161 | $1,583 | $2,138 | $2,813 |
| Pittsville | $630 | $909 | $1,405 | $2,003 | $2,520 |
| Quantico | $430 | $681 | $1,072 | $2,378 | $3,367 |
| Salisbury | $566 | $907 | $1,446 | $2,057 | $2,805 |
| Sharptown | $567 | $702 | $907 | $1,296 | $1,685 |
| Snow Hill | N/A | N/A | N/A | N/A | N/A |
| Tyaskin | $413 | $685 | $1,052 | $1,755 | $2,488 |
| Willards | $740 | $1,046 | $1,422 | $1,885 | $2,535 |
Source: Ownwell